Feb 27 β€’ 17:14 UTC πŸ‡²πŸ‡½ Mexico El Financiero (ES)

Pemex increases refining in 2025: 'Cooked' 1,136 thousand barrels daily of oil, 44.4% more than in 2024

Pemex reported a significant increase in oil refining, processing 1,136 thousand barrels daily in Q4 2025, a 44.4% rise compared to the same quarter in 2024.

PetrΓ³leos Mexicanos (Pemex) has reported stable operational results along with financial advances at the close of the fourth quarter of 2025, highlighting a significant increase in crude processing within the National Refining System. The state-owned company announced that the production of hydrocarbons stabilized at 1.648 million barrels daily, while the National Refining System processed 1,136 thousand barrels daily of crude oil, showing a remarkable increase of 44.4% compared to the same period in 2024. This progress indicates a noteworthy recovery for the company, reflecting its efforts to enhance operational capacity in the face of fluctuating market demands.

Additionally, in commercial terms, Pemex saw a 7% increase in the sales of high-value distillates compared to the previous year, amounting to an additional 70 thousand barrels daily. This growth aligns with Pemex's overarching goal of achieving energy sovereignty in Mexico, demonstrating the company's commitment to bolstering national production capabilities and reducing reliance on foreign energy sources. The increase in sales of refined products is a promising sign for Mexico's economic prospects as it aims to strengthen its domestic energy infrastructure.

The operational advancements also had positive impacts on the company's financial results, allowing the net result to close nearly at breakeven, effectively offsetting the loss of 350.5 million recorded in Q4 2024. This near equilibrium demonstrates Pemex's progress in managing its expenses and increasing its operational efficiency, which is crucial for its future sustainability as it navigates the complexities of the global energy landscape and the challenges posed by the transition towards greener energy alternatives.

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